Gateway Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Gateway Fund held 211 positions with $7.30B in net assets. Its ten largest holdings made up 39.0% of the fund. The GATEX share class costs 0.94% a year. Over the 12 months to May 2026, GATEX returned 14.8%, with dividends reinvested. In 2026 Q2 it added 43 new positions and exited 35.
The Fund seeks to capture the majority of the returns associated with equity market investments, while exposing investors to less risk than other equity investments.
The fund holds a diversified U.S. stock portfolio of 200 to 400 stocks selected via quantitative model to track broad market indices while supporting its options strategy, and continuously sells index call options on the full portfolio value to generate premium income while capping upside potential; it also purchases index put options to provide downside protection. The fund's volatility is intended to approximate that of intermediate- to long-term fixed-income securities rather than equities, though it remains significantly less vulnerable to interest rate fluctuations than bond or hybrid funds.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA Corp | 7.71% | $562.46M | 2.8M | $200.09 |
AAPLApple Inc | 6.83% | $498.08M | 1.7M | $289.36 |
MSFTMicrosoft Corp | 4.74% | $345.79M | 927.0K | $373.02 |
GOOGAlphabet Inc | 4.57% | $333.80M | 944.7K | $353.33 |
AMZNAmazon.com Inc | 3.96% | $289.28M | 1.2M | $238.34 |
AVGOBroadcom Inc | 2.94% | $214.81M | 568.6K | $377.75 |
2.16% | $157.62M | 481.5K | $327.33 | |
2.11% | $153.74M | 272.9K | $563.29 | |
2.09% | $152.28M | 131.9K | $1,154.29 | |
Fixed Income Clearing Corp. | 1.93% | $140.95M | — | — |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
The 200 largest of 211 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 98.66% |
| Cash & short-term | 1.93% |
| Derivatives | -0.75% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
By sector
- Information Technology
- 35.4%
- Financials
- 12.3%
- Communication Services
- 9.7%
- Industrials
- 9.6%
- 9 other sectors
- 33.1%
- Information Technology
- 35.4%
- Financials
- 12.3%
- Communication Services
- 9.7%
- Industrials
- 9.6%
- Consumer Discretionary
- 9.4%
- Health Care
- 9.0%
- Consumer Staples
- 3.7%
- Energy
- 3.0%
- Other
- 2.3%
- Utilities
- 1.9%
- Materials
- 1.6%
- International
- 1.5%
- Real Estate
- 0.7%
How it has done
GATEX share class · total returns with dividends reinvested
Volatility over the last 12 months: 7.30%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 4 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.94% | +14.76% | +40.59% | +40.61% | -4.11% | |
| 1.70% | +13.90% | +37.47% | +35.44% | -4.36% | |
| 0.70% | +15.03% | +41.67% | +42.37% | -4.08% | |
| 0.65% | +15.08% | +41.85% | +42.68% | -4.07% |
These classes hold the same portfolio, so the 7.24pp spread over 5 years is the cost difference between them — roughly 1.45pp a year — not a difference in what they own.
Fees & fund details
Gateway Fund is an actively managed U.S. equity fund. 19% of GATEX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 97% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.65% – 1.70%· GATEX 0.94%
- Portfolio turnover
- 17.00% a year · as of 2026 Q2
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
43 new· the largest 8
35 exited· the largest 8
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — GATEX, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”